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Property marketed by The Property Group
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This bright and spacious fourth-floor apartment is located in the Edificio Islas Canarias, just 170 metres from Acequión Beach in Torrevieja Its south-east orientation ensures natural light throughout the day and pleasant temperatures year-round With a usable area of over 82 m², the property offers generous spaces and a practical layout: a large living-dining room with direct access to a sunny terrace overlooking a park, a separate kitchen with a window and utility room, three double bedrooms, and two full bathrooms The apartment is in good overall condition and presents excellent potential for modernisation It's perfect as a permanent home or a holiday property by the sea, in an area with all essential amenities within walking distance—supermarkets, schools, medical centres, public transport, and green areas The building features a lift and a communal rooftop swimming pool A great opportunity in a central, coastal location for those seeking space, light, and proximity to the beach
Property Features
- 3 bedrooms
- 2 bathrooms
- 100m² Build size
- Entrance Hall
- Communal Pool
- Furnished
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
11,500€
Final Payment of 90% on completion
130,500€
Property Purchase Expenses
Property price
145,000€
Transfer tax 8%
11,600€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.